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avoided the fiscal cliff by cutting taxes setting up moran's two-three punch. >> we delayed a few things but we haven't avoided much. >> reporter: jim runs the greater washington board of trade. he says the uncertainty ahead has the business on hold. >> we're still going to have a hold on hiring. we're still going to have a hold on new investments. everyone is going to be waiting. >> reporter: even as business knows. >> there will be people who are furloughed on their jobs, people who will not be hired into new jobs. >> we're on a new reality, a new economic reality in the national capital region. >> reporter: frank principi knows that if the sequestration cuts kick in in two months... >> programs to head start to emergency preparedness are going to be cut 8% and it's the local governments that's going to have to deal with either replacing that 8% cut or terminating the programs that funding supports. >> reporter: as the federal government spends less... >> we think we're going to need to
avoided the fiscal cliff by cutting taxes setting up moran's two-three punch. >> we delayed a few things but we haven't avoided much. >> reporter: jim runs the greater washington board of trade. he says the uncertainty ahead has the business on hold. >> we're still going to have a hold on hiring. we're still going to have a hold on new investments. everyone is going to be waiting. >> reporter: even as business knows. >> there will be people who are furloughed on...
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Jan 2, 2013
01/13
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to avoid this fiscal cliff, congress essentially set up new ones. in just two months, they're going to have to deal with the automatic spending cuts they put off, and there's going to be a nasty fight over the debt ceiling. john and paula, back to you. >> we get to look forward to so much more. >>> victims of hurricane sandy will have to wait longer for help. lawmakers did not vote on a measure to provide aid to people affected by the storm. the senate hassocked more than $60 billion to the region, but house republicans say the price tag is too high and includes too much pork. >>> secretary of state clinton spending her fourth day in the hospital being treated for blood clots. chelsea clinton tweeted, thank you for all sending good thoughts my mom's day. grateful to her doctors and that she'll make a full recovery. still not clear how soon clinton will be able to go home. >>> overseas now, and gunman in northwest pakistan have am busheled a van, killing five pakistani teachers and two health workers. all but one were women. they were working for a p
to avoid this fiscal cliff, congress essentially set up new ones. in just two months, they're going to have to deal with the automatic spending cuts they put off, and there's going to be a nasty fight over the debt ceiling. john and paula, back to you. >> we get to look forward to so much more. >>> victims of hurricane sandy will have to wait longer for help. lawmakers did not vote on a measure to provide aid to people affected by the storm. the senate hassocked more than $60...
WHUT (Howard University Television)
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Jan 4, 2013
01/13
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under the fiscal cliff deal. john boehner addressed the debt thursday in his opening speech. >> as speaker, i pledge to listen and to do all i can to help all of you carry out your oath of office that we are all about to take. because in our hearts we know it is wrong to pass this debt onto our kids and grandkids, now we have to be willing, truly willing to make this problem right. >> house speaker john boehner faced a massive backlashes week after initially canceling a vote on relief for superstorm sandy. the house is expected to vote on the first round of aid today. gun-control advocates introduced legislation on the first day of the new congress to ban high- capacity ammunition magazines in recent -- used in recent massacres including the one at sandy hook last month. carolyn mccarthy of new york said the assault magazines help put the mass in that shooting and anything we can do to stop their proliferation will save lives in america. she lost her husband in a shooting on the long island rail road. she introdu
under the fiscal cliff deal. john boehner addressed the debt thursday in his opening speech. >> as speaker, i pledge to listen and to do all i can to help all of you carry out your oath of office that we are all about to take. because in our hearts we know it is wrong to pass this debt onto our kids and grandkids, now we have to be willing, truly willing to make this problem right. >> house speaker john boehner faced a massive backlashes week after initially canceling a vote on...
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Jan 2, 2013
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have a bigger fiscal cliff on the way. we have the debt ceiling and the sec quest ter is still out there. >> what the fiscal cliff deal does not do is address the two issues which is 110 spending cuts. they kicked the can down the road for another two months and address those then in late february. they may be unable to pay the bills if the debt ceiling is not raised. that debt default will no doubt send the u.s. economy back into could have more deleterious effect than falling off the fiscal cliff couwould h. >> tim geithner put in measures to avoid that. >> at the end of the month we are talking about these issues all over again. >> lauren simonetti fox business network. thank you. >> 15 after the hour. still to come the temperatures are plummeting and that means your risk of certain health problems rises. what you need to watch out for during the winter to avoid a trip to the doctor's office. several nurses fired for refusing flu shots. wait until you hear this story. >> was we go to break a look at the gas prices. nati
have a bigger fiscal cliff on the way. we have the debt ceiling and the sec quest ter is still out there. >> what the fiscal cliff deal does not do is address the two issues which is 110 spending cuts. they kicked the can down the road for another two months and address those then in late february. they may be unable to pay the bills if the debt ceiling is not raised. that debt default will no doubt send the u.s. economy back into could have more deleterious effect than falling off the...
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Jul 10, 2013
07/13
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cliff spending cuts. >>> the nation's biggest grocery chain is getting much bigger. kroger is buying harris teeter, expending its region. they have 212 stores in eight states including delaware, florida, maryland, and washington, d.c. >>> and chevy's newest corvette doesn't just look good. it's a sports car that's good for the planet. the 2014 corvette stingray boasted 29 miles per gallon on the highway even though it's packing a 455 horsepower, f.2 liter engine, the stingray can rocket from 0 to 60 in fewer than four seconds and've has eco mode. >> it got even sexier, who knew that could happen. erica ferrari here in new york. thank you, erica. >>> straight ahead, your morning weather, and in sports the astros splashed some leather as they take on the division leading cardinals. splashed some leather as they take on the leading cardinals. thank you, erica. when we made our commitment to the gulf, bp had two big goals: help the gulf recover, and learn from what happened so we could be a better, safer energy company. i've been with bp for 24 years. i was part of the t
cliff spending cuts. >>> the nation's biggest grocery chain is getting much bigger. kroger is buying harris teeter, expending its region. they have 212 stores in eight states including delaware, florida, maryland, and washington, d.c. >>> and chevy's newest corvette doesn't just look good. it's a sports car that's good for the planet. the 2014 corvette stingray boasted 29 miles per gallon on the highway even though it's packing a 455 horsepower, f.2 liter engine, the stingray...
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cliff all this fear mongering about how we're going to dive off the fiscal cliff we need to cut all across the board but of course you know like these giant fortune five hundred corporations we're not really talking about the tax loopholes that they get can you give us the break that they're getting already boyd it's shocking in fact it's a truth it's i'm stunned that i haven't seen it on the news i think in two thousand and eleven b.n. paid one percent in federal tax exxon mobil paid two percent. of that of the ten most successful u.s. corporations the average tax rate they paid was nine percent. and if we're trying to raise revenue that's where we need to look we don't need to raise taxes on the american people and close the only agency in washington to help the small businesses are all the jobs are created we need to make sure these large corporations are paying their fair share of taxes and you're not seeing anyone in congress even mentioning that and of course if i would more should i would take a look at closing you know some of the seven hundred military bases we've got aroun
cliff all this fear mongering about how we're going to dive off the fiscal cliff we need to cut all across the board but of course you know like these giant fortune five hundred corporations we're not really talking about the tax loopholes that they get can you give us the break that they're getting already boyd it's shocking in fact it's a truth it's i'm stunned that i haven't seen it on the news i think in two thousand and eleven b.n. paid one percent in federal tax exxon mobil paid two...
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in the fiscal cliff deal. >> and the food and drug administration is proposing two sweeping rules to prevent food becoming con taminitied -- contaminated. the first rule would require companies that process food to take measures to prevent the risk of contamination. the second would require companies that harvest fruits and vegetables to prevent e. coli contamination. >>> well, time to get rid of that christmas tree. next, the city of coig has made that easy for some chicago residents. >> and it's that time of year for some brave residents. why these people are freezein' for a reason. >>> friends and family of rocky clark gathered on the first anniversary of his death to celebrate his life and contributions. rocky clark was a high school football player when he suffered a catastrophic injury. it left him a quadruplegic for -- until he died at age of 27. >>> some environmentally conscious chicagoans kicked off the new year by recycling hazard ouse items. the facility on north branch street opened early this morning and people were able to drop off a range of items including oil-based
in the fiscal cliff deal. >> and the food and drug administration is proposing two sweeping rules to prevent food becoming con taminitied -- contaminated. the first rule would require companies that process food to take measures to prevent the risk of contamination. the second would require companies that harvest fruits and vegetables to prevent e. coli contamination. >>> well, time to get rid of that christmas tree. next, the city of coig has made that easy for some chicago...
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Jan 2, 2013
01/13
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now the fiscal cliff deal would shield income tax cuts for all workers earning less than 400,000 dollars a year and households less than 450,000 dollars. it also he prevents a tax hike on estates valued at less than 5 million dollars. it extends unemployment benefits for about 2 million people that were set to expire. what it doesn't do is raise the debt ceiling. in two months government will reach the limit on borrowing unless congress acts. bill only delays large cuts to the pentagon and other government programs. although congress missed the january 1st midnight deadline by-passing the compromise deal in the house and senate, congress can try to take credit for retroactive tax cuts. >> it's a very, very strong first step. >> this is an important one. that is critical one for the future of the country. >> reporter: so in march another round of fighting as congress tackles the debt ceiling. sherrie johnson, abc2 news. >>> immediately after commenting on the house vote the president headed to andrews air force base in maryland and this is new video from overnight where he boarded the pla
now the fiscal cliff deal would shield income tax cuts for all workers earning less than 400,000 dollars a year and households less than 450,000 dollars. it also he prevents a tax hike on estates valued at less than 5 million dollars. it extends unemployment benefits for about 2 million people that were set to expire. what it doesn't do is raise the debt ceiling. in two months government will reach the limit on borrowing unless congress acts. bill only delays large cuts to the pentagon and...
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to avoid this fiscal cliff, congress essentially set up new ones. in just two months, they're going to have to deal with automatic spending cuts they put off, and there's going to be a nasty fight over the debt ceiling. john and paula, back to you. >> so basically they just worked out the tax code here. they've got the spending cuts coming up in the next couple of months. but republicans in the house didn't really like it. they voted just about 2-1 against it. but this gives them a little leverage coming up when they start negotiating for the spending cuts. i thought it was interesting, two that did vote for it, the speaker of the house, john boehner, and former vice presidential candidate paul ryan voted for the bill. against it, marco rubio. so that sets up a nice dynamic for 2016. >> no doubt about it. to put it very simple, they kicked the can down the road a little bit. we're going to catch back up with it and deal with it again. >> one other quick note, i think everybody will take a little bit of a hit because the expiration of the payroll tax
to avoid this fiscal cliff, congress essentially set up new ones. in just two months, they're going to have to deal with automatic spending cuts they put off, and there's going to be a nasty fight over the debt ceiling. john and paula, back to you. >> so basically they just worked out the tax code here. they've got the spending cuts coming up in the next couple of months. but republicans in the house didn't really like it. they voted just about 2-1 against it. but this gives them a little...
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Feb 9, 2013
02/13
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congress passed the compromise to avoid the fiscal cliff and that contained almost yours truly $trillion of deficit cuts and most of that was true additional revenues by establishing the permanent tax rate at 39.6% of wealthiest people and permanent tax relief for middle class taxpayers. we are up to around $2.5 trillion of deficit reduction since we last talked. now we are getting to march 1. and march 1, if we do not act, sequestration will take effect. these are across the board cuts. these were never intended to take effect. they were intended to get congress to act on a long-term budget plan, that was the intent of it. but we're at the day of judgment, march 1. and they will take effect to our national defense budget as well as our domestic budget. the cuts are actually larger on the military side. and if they take effect on march 1, if they take effect, they will cause significant damage to our country, to our national security redness, to our commitment to provide essential services to the people of this country and to our economy. let me talk a little bit about the number of jobs
congress passed the compromise to avoid the fiscal cliff and that contained almost yours truly $trillion of deficit cuts and most of that was true additional revenues by establishing the permanent tax rate at 39.6% of wealthiest people and permanent tax relief for middle class taxpayers. we are up to around $2.5 trillion of deficit reduction since we last talked. now we are getting to march 1. and march 1, if we do not act, sequestration will take effect. these are across the board cuts. these...
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Jan 2, 2013
01/13
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cliff deal. >> the senate bill failed miserably in cutting spending. i know that we can address that in debt limit. i think a lot of us believe that we have to address it today. >> and, of course, house republicans are being warned that this is a risky strategy. there has already been a threat from the democratic leadership saying if the republicans try to send this bill back with an amendment on it, they will not take it up so then they are saying that the house republican will be responsible for the largest tax increase in american history. rick? >> rick: mike, house democrats have been keeping up the pressure on house republicans. how have they been doing that? >> they point to the fact that this deal in the united states senate got 89 vote, which is very difficult to do and has polarized washington environment. vice president joe biden also up here today making a second trip to capitol hill in less than 24 hours. his messages house democratics, we need you to get behind the deal that he had negotiated bottom line, house democrats are essentially sa
cliff deal. >> the senate bill failed miserably in cutting spending. i know that we can address that in debt limit. i think a lot of us believe that we have to address it today. >> and, of course, house republicans are being warned that this is a risky strategy. there has already been a threat from the democratic leadership saying if the republicans try to send this bill back with an amendment on it, they will not take it up so then they are saying that the house republican will be...
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Jan 2, 2013
01/13
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. >> finally progress on the fiscal cliff showdown. president obama now on his way back to hawaii to resume his vacation with his family. good morning. it is 4:30. thank you for joining us. >> we are glad to have you with us on this wednesday and in this new year of 2013. let's check in with jackie. >> it will not be a bad day overall. starting out on the ugly side of things will improve as we progress especially into the afternoon. a bit of cloud cover. just a smidge fof a wintry mix. that will be short-lived. it will be out of here by late morning. temperature wise, not as bad -- not a bad start here. almost everybody above freezing. 32 at it as brick and frigid. 35 at dulles. 38 in washington. highs in the upper 30's and low 40's. we are going to head to traffic. >> good morning. it feels like money mining -- monday morning. no major problems around the region. maryland virginia, and the district. no road work on the beltway. no problems for the entire beltway to report. i-95 -- regina heading north coming out of stafford, what brid
. >> finally progress on the fiscal cliff showdown. president obama now on his way back to hawaii to resume his vacation with his family. good morning. it is 4:30. thank you for joining us. >> we are glad to have you with us on this wednesday and in this new year of 2013. let's check in with jackie. >> it will not be a bad day overall. starting out on the ugly side of things will improve as we progress especially into the afternoon. a bit of cloud cover. just a smidge fof a...
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cliff, spending cuts and the debt ceiling. the president's top economists saying that the resolution of the first part of the fiscal cliff extending the bush tax cuts for most families should help economic growth and job creation by keeping more money in consumers' pockets for consumer spending. now he says republicans need to act on part 2 of the fiscal quick, raising the debt ceiling. >> one of the reasons it is important congress resolve the issues that were left unresolved in the taxpayer relief act is the economy will do better if we address the issues like the debt ceiling without drama. peter: republicans are saying today's jobs report shows washington needs to reduce spending and deficits to boost economic growth and job creation. john boehner out with the statement saying all of that, the drag on quote the house will pass real spending cuts, meaningful reforms of entitlement programs that are driving us deeper into debt and a fairer, clean air tax code. cheryl: were you surprised? he sounded like he is truly saying th
cliff, spending cuts and the debt ceiling. the president's top economists saying that the resolution of the first part of the fiscal cliff extending the bush tax cuts for most families should help economic growth and job creation by keeping more money in consumers' pockets for consumer spending. now he says republicans need to act on part 2 of the fiscal quick, raising the debt ceiling. >> one of the reasons it is important congress resolve the issues that were left unresolved in the...
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Jan 2, 2013
01/13
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congress did reach a deal to keep our nation from plummeting off the so-called fiscal cliff so we are safe for now. at least sort of. last night, the house aeveryone proofed the not bill which presents major tax cuts from expiring on income below $400,000 for individuals and $450 for couples and delays the crippling cuts for only do months, and that means we could see yet another last-minute stand off before march 1. president obama vowed to sign the bill. the vote was not unanimous. many republicans in the g.o.p.-led house voted against the bill. many of them argued it does not do enough to curve spending. it saw more bipartisan support in the senate with only a handful of lawmakers in both parties voting "no." the debate was quite intense. mike emanuel is live on capitol hill where he has been following it. the bill had the votes to pass. what was the final pitch? >>reporter: extending the bush tax cuts for individuals making up to $400,000 and couples making up to $450,000, giving certainty and some permanence and avoiding taking the economy off the fiscal cliff. >> by making repub
congress did reach a deal to keep our nation from plummeting off the so-called fiscal cliff so we are safe for now. at least sort of. last night, the house aeveryone proofed the not bill which presents major tax cuts from expiring on income below $400,000 for individuals and $450 for couples and delays the crippling cuts for only do months, and that means we could see yet another last-minute stand off before march 1. president obama vowed to sign the bill. the vote was not unanimous. many...
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Jan 3, 2013
01/13
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>>>over night, we learned that president obama signed the fiscal cliff bill, which preserves tax cuts for most americans. the agreement sent stocks surging with the dow jones up 300 points. the euphoria, ain't going to last long. big cuts with defense were not worked out, but were delayed for two months. another example of kicking that can down the road. >> and a small plane has crashed at a las vegas airport. but fortunately, no one was seriously injured. the twin engine plane skidded off the runway, burst into flames yesterday afternoon. the two people on board managed to escape before the fire engulfed the cabin. escaping without serious injuries. >>> powerful winds in southern california knocked out power and caused major travel problems. this big rig was knocked on its side by those winds, leaving the driver with a broken leg. that is some pretty hefty winds. >>> also, at a nearby construction site, work came to a halt after the winds blew down a fence and knocked over the port-a-potties. it's expected to be just as windy today. oh, you know what? the poor soul that had to clean
>>>over night, we learned that president obama signed the fiscal cliff bill, which preserves tax cuts for most americans. the agreement sent stocks surging with the dow jones up 300 points. the euphoria, ain't going to last long. big cuts with defense were not worked out, but were delayed for two months. another example of kicking that can down the road. >> and a small plane has crashed at a las vegas airport. but fortunately, no one was seriously injured. the twin engine plane...
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Jan 15, 2013
01/13
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CSPAN2
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and that was one of the risks that the fiscal cliff posed that if tax increases and spending cuts of that size were to occur in the short run, the cbo and others estimated that unemployment would rise and they might end up back in a recession. the challenge is to achieve sustainability without unduly hampering of the recovery, which we have. the deal was struck together with previous work in 2011 that involves and spending cuts made some progress in both of these goals on long-run sustainability. we have seen some movement toward stability and the debt to gdp ratio. in the short run, the fiscal cliff deal, it eliminated a good bit of the respective components of the fiscal policy that would've had such egregious effects. not completely, but at least a good start. so there was a bit of progress on both of these two goals. i should hasten to say that we are approaching a number of other critical watersheds coming out. we have the funding of the government and the so-called sequester, which is a set of automatic spending cuts that were the wave by two months as part of the fiscal cliff
and that was one of the risks that the fiscal cliff posed that if tax increases and spending cuts of that size were to occur in the short run, the cbo and others estimated that unemployment would rise and they might end up back in a recession. the challenge is to achieve sustainability without unduly hampering of the recovery, which we have. the deal was struck together with previous work in 2011 that involves and spending cuts made some progress in both of these goals on long-run...
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Jan 2, 2013
01/13
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we still have some problems with the fiscal cliff as far as spending cuts and debt ceiling coupling up. >> all right, anthony, rich, kenny, gentlemen thank you and happy new year. tyler, back over to you. >> happy new year, everybody. facebook flying higher while linkedin down today. >> with j.p. morgan raising price target and the overrate rating on confidence and william blair outperforming as facebook exchange ads are rapidly adopted with the potential to triple pricing. facebook's biggest bear bmo's daniel salmon did a 180 doubling price target to $32 upgrading from underperform to outperform, thanks to better tools. but linkedin, equal weight on concerns about valuation. linkedin did outperform pierce as well as the market last year. we ceil if facebook takes that role in 2013. back over to you. >> thank you, julia. >>> now to the deficit ceiling, or the debt ceiling, not deficit ceiling. so do you cut or is it really just slowing the growth. that's a definition of cut in washington terms. >>> and investment versus salary. which faired better in the debt deal? the cliff deal. both
we still have some problems with the fiscal cliff as far as spending cuts and debt ceiling coupling up. >> all right, anthony, rich, kenny, gentlemen thank you and happy new year. tyler, back over to you. >> happy new year, everybody. facebook flying higher while linkedin down today. >> with j.p. morgan raising price target and the overrate rating on confidence and william blair outperforming as facebook exchange ads are rapidly adopted with the potential to triple pricing....
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Feb 22, 2013
02/13
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this is different from the fiscal cliff. the republicans did nothing then and they got tax hikes which they don't like. here they do nothing and they get spending cuts which they do like that. is part of their agenda. the public, rasmussen has a poll that only a third of americans want to have the sequester not go in to effect. they worry about the automatic cuts. that sounds about right. they seem to be, the public has grown immune or somewhat immune to the claims that relatively small cuts, $85 billion is one-half of 1%. of all federal spending. that if you cut it, it will have a really catastrophic effect on american life. i also think the president overrated his open clout. you know, i keep hearing about how enormously popular he is. he is not particularly popular. his job approval is 51, 52%. that is where president bush was in 2005. after his re-election. and it's about where the president was even before his re-election last november. he doesn't have great sway over the public. >> bret: you don't think there is negati
this is different from the fiscal cliff. the republicans did nothing then and they got tax hikes which they don't like. here they do nothing and they get spending cuts which they do like that. is part of their agenda. the public, rasmussen has a poll that only a third of americans want to have the sequester not go in to effect. they worry about the automatic cuts. that sounds about right. they seem to be, the public has grown immune or somewhat immune to the claims that relatively small cuts,...
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Feb 18, 2013
02/13
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WGN
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less than two months after a last-minute agreement kept the nation from going over the fiscal cliff.. a set of massive spending cuts known as the "sequester" is looming. the across-the-board cuts are due to take effect on march first. they're the first step in reducing the deficit by one - point -two trillion dollars over the next decade. they were orginally supposed to be triggered at the beginning of the year, but congress postponed the cuts by two months. now, republican senator john barrasso says the country should be prepared for the sequester to kick in. democrats like senator jack reed are trying to avert that.. proposing a measure last week to once again delay the cuts. we have to get back to a balanced and i think the american people understand that >> this is just a first of 10 years of cuts >> during his reelection campaign president obama valid that it will not happen in an earlier this month he called on congress to pass a short-term measure to put off the cuts >> a huge crowd packed saint peter's square at the vatican to hear one of pope benedict's final sunday prayer se
less than two months after a last-minute agreement kept the nation from going over the fiscal cliff.. a set of massive spending cuts known as the "sequester" is looming. the across-the-board cuts are due to take effect on march first. they're the first step in reducing the deficit by one - point -two trillion dollars over the next decade. they were orginally supposed to be triggered at the beginning of the year, but congress postponed the cuts by two months. now, republican senator...
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Jan 5, 2013
01/13
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senate minority leader mitch mcconnell announced the same, saying "the fiscal cliff deal was the last word on taxes. now the conversation turns to cutting spending on the government programs that are the real source of the nation's fiscal imbalance." and the upcoming debate on the debt limit is the perfect time to have that discuss. perfect, the problem is not even republicans believe that is going to work anymore. >> they have got to find in the house a totally new strategy. i mean, confronting -- for example, everybody is now talking about okay, now comes the debt ceiling. i think that is frankly a dead loser, because in the end you know it is going to happen. the whole national financial system is going to come into washington by television and say oh my god, this will be a gigantic heart attack, the entire economy will collapse, you guys can't be responsible, and they will cave. >> so newt gingrich, time to wander off the republican reservation, at least occasionally. but he is on the same page as the editorial board, which wrote "the next challenge will be the debt deadline, arri
senate minority leader mitch mcconnell announced the same, saying "the fiscal cliff deal was the last word on taxes. now the conversation turns to cutting spending on the government programs that are the real source of the nation's fiscal imbalance." and the upcoming debate on the debt limit is the perfect time to have that discuss. perfect, the problem is not even republicans believe that is going to work anymore. >> they have got to find in the house a totally new strategy. i...
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Feb 18, 2013
02/13
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remember the fiscal cliff? well, the cuts will kick in automatically march 1st if nothing changes. democrats don't want them. they favor raising taxes and other alternatives to across the board cuts. there's another deadline countdown and plenty more budget fighting on capitol hill. >>> a huge rally at the national mall in washington today as thousands pleaded for more action on climate change. among the demands, the protesters want president obama to reject the keystone xl pipeline and to get the environmental protection agency to set carbon standards for power plants. >>> a bigger than normal crowd packed vat tan city today. it's the second to the last time pope benedict xvi will address crowds of catholic faithful from that famous window overlooking st. peter's square. about 100,000 people turned out to hear benedict ask for prayers for the next pope. the 85-year-old pope shocked the world last week when he announced he's resigning at the end of the month. >>> danica patrick became the first woman to win the pole position for the daytona 500. she will share the front row next su
remember the fiscal cliff? well, the cuts will kick in automatically march 1st if nothing changes. democrats don't want them. they favor raising taxes and other alternatives to across the board cuts. there's another deadline countdown and plenty more budget fighting on capitol hill. >>> a huge rally at the national mall in washington today as thousands pleaded for more action on climate change. among the demands, the protesters want president obama to reject the keystone xl pipeline...
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Nov 18, 2013
11/13
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it was last extended at the beginning of this year as part of a deal to divert fiscal cliffs with spending cuts. the chances of that happening again don't look very good despite a push from congressional democrats and the white house. the program is still necessary due to the sluggish recovery and still high jobless rate. it will cost 250 billion and more. they will discuss the right stance on this issue yet. they are struggling to find alternatives in sequestration cuts. the chances of an extension before congress adjourns are slim. if the program does expire as many as 4.8 million affected is the last he estimate received. >> a fox news alert to tell you about this morning caught on camera. how the twister is woring across the midwest doing incredible damage. look at that. wxin reporter liz jill lard is in indiana where a state of emergency was declared. good morning, liz. >> good morning. that state of emergency has been in effect all night. city officials telling residence dents if you don't need to go out, don't. this is a dangerous situation. much of the area is without power. power
it was last extended at the beginning of this year as part of a deal to divert fiscal cliffs with spending cuts. the chances of that happening again don't look very good despite a push from congressional democrats and the white house. the program is still necessary due to the sluggish recovery and still high jobless rate. it will cost 250 billion and more. they will discuss the right stance on this issue yet. they are struggling to find alternatives in sequestration cuts. the chances of an...
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Jan 12, 2013
01/13
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CNBC
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the reality is if you really cared about cutting spending why not go over the fiscal cliff? that cuts trillions of dollars in spending. but republicans are afraid to cut spending. they want to use this as an issue, to attack the democrats but they're afraid to lay out because they know the majority of the spending will have to come from medicare and social security. not what the american people really want. >> what party actually has put out a long term spending plan showing how you reform these programs, what you would take spending down to as a share of g.d.p., how you would pay for it. you may not like that plan. you may not like paul ryan's plan very much. >> american people don't like that plan. >> but the administration's plan? they have a short term plan. they won't specify. the outgoing treasury secretary, tim geithner said, we have no plan. and as geithner always says, plan beats no plan. you have no plan. >> and the american people have no idea what they're talking about on this stuff. >> that i agree with. we're sending conflicting messages. >> it doesn't matter w
the reality is if you really cared about cutting spending why not go over the fiscal cliff? that cuts trillions of dollars in spending. but republicans are afraid to cut spending. they want to use this as an issue, to attack the democrats but they're afraid to lay out because they know the majority of the spending will have to come from medicare and social security. not what the american people really want. >> what party actually has put out a long term spending plan showing how you...
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Mar 1, 2013
03/13
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CSPAN
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cliff. the sequester does not make any kind of sense. if you are going to cut jobs, all you will create is more people than are crippled. my son needed a walker. i bought it and i had to pay $50. i tried to get it back from my insurance company. when i called the company to find out what was going on, they said they had built the insurance company at $150. i said how can you justify that? they said we just build them and they pay whatever they have set aside. that is absolutely ridiculous. if i paid $50 for something, they should only be able to build $50 for something. there are many places that spending can be cut. cutting jobs does not make sense. we are already in so much trouble with people not having employment. and females will be devastated. i'm in the nursing field on home care. if a patient does not have insurance or cannot afford it, what happens to them? there has to be some kind of moderation. i think the republicans and democrats need to get their heads on straight. they need t
cliff. the sequester does not make any kind of sense. if you are going to cut jobs, all you will create is more people than are crippled. my son needed a walker. i bought it and i had to pay $50. i tried to get it back from my insurance company. when i called the company to find out what was going on, they said they had built the insurance company at $150. i said how can you justify that? they said we just build them and they pay whatever they have set aside. that is absolutely ridiculous. if i...
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Feb 10, 2013
02/13
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WTTG
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. >> putting our fiscal house in order calls for a balanced approach, not massive indiscriminant cuts that can have a severe impact on our military preparedness. >> reporter: republicans think they gave a lot of ground during fiscal cliff negotiations. a spokesman per speaker boehner said the president got his higher taxes last month with no corresponding cuts. the tax issue has been resolved and spending is the problem. meanwhile, military leaders are sounding the alarm. >> instead of being a first- rate power in the world, we turn into a second-rate power and that would be the result of sequester. >> reporter: the white house said friday the sequester would result in cuts to food inspection, customer service and irs and social security offices, and emergency unemployment compensation benefits. the house armed services committee chair republican mckeon said i don't doubt that important domestic programs will be in jeopardy if sequester is in march. our military is in jeopardy today to consider deeper cuts is a way to solve a financial crisis driven by entitlement program is irrespons
. >> putting our fiscal house in order calls for a balanced approach, not massive indiscriminant cuts that can have a severe impact on our military preparedness. >> reporter: republicans think they gave a lot of ground during fiscal cliff negotiations. a spokesman per speaker boehner said the president got his higher taxes last month with no corresponding cuts. the tax issue has been resolved and spending is the problem. meanwhile, military leaders are sounding the alarm. >>...
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Jan 2, 2013
01/13
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WUSA
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cliff tax increases. at least for now avert big across-the-board federal spending cuts. we've been following the developing story all day long. a story that touches each and every one of us. tonight we have team coverage for you. we'll take a look at the hit your wallet is still going to take as they have reaction tonight from capitol hill. but first a quick recap of what has been happening on the hill since you sat down to dinner. many lawmakers wanted the spending cuts added to it now. they wanted individuals earning $400 and families earning about $450,000. and it also delays big spending cuts for at least two months. now congress will have to deal with that later and deal with whether to raise the $16.4 trillion borrowing limit so the government can keep paying its bills. but once again the senate measure has now been approved by the house. we take you to capitol hill where we've been monitoring the votes that just came in, gary? >> reporter: good evening. as you said our assignment was to engage the
cliff tax increases. at least for now avert big across-the-board federal spending cuts. we've been following the developing story all day long. a story that touches each and every one of us. tonight we have team coverage for you. we'll take a look at the hit your wallet is still going to take as they have reaction tonight from capitol hill. but first a quick recap of what has been happening on the hill since you sat down to dinner. many lawmakers wanted the spending cuts added to it now. they...
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Jan 2, 2013
01/13
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WTTG
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the fiscal cliff bill passed last night did not include an extension of the payroll tax cut so now the rate goes back up to 6.2%. here's what this means. a household earning 50,000 $50,000 a year will see paychecks cut by $1,000 this year. for workers making as much as $110,000 a year which is the maximum wage subject to the payroll tax that's $2200 less coming home. this could still be a big hit to the economy. with some predicting smaller economic growth. they add it is likely a surprise to many americans who had heard about income tax rates and not the payroll tax. there is some good news to show. the fiscal cliff bill includes a farm provision that prevents milk price from doubling. and cancels a $900 raise congress was set. and a big head line that taxes taken out of your paycheck will go up. it's the social security payroll tax and not the income tax. so we just want to make sure people know that so they are not caught off guard by this. >> sarah, thank you. kind of. >> you're welcome. >> she's just the bearer of the news. >>> wall street could be in store overnight overseas mark
the fiscal cliff bill passed last night did not include an extension of the payroll tax cut so now the rate goes back up to 6.2%. here's what this means. a household earning 50,000 $50,000 a year will see paychecks cut by $1,000 this year. for workers making as much as $110,000 a year which is the maximum wage subject to the payroll tax that's $2200 less coming home. this could still be a big hit to the economy. with some predicting smaller economic growth. they add it is likely a surprise to...
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Jan 30, 2013
01/13
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CSPAN2
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eye 64
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we are altering up in washington for the fiscal cliff, coming in a couple of weeks and with that i mean, we're beginning to hear the usual refrain about how important is to cut any care benefit and to limit access to medicare for seniors and that's the responsible thing to do to save money, which course is a preposterous and ill-informed media, particularly in the context of a health care system that is 100 times more unfit in the 60 and if you look at the graph, it's an accelerating curve of upper costs. we look at a $2.7 trillion annual expenditure on health care, that is probably 50% higher. a 50% inefficiency penalty compared to all of our industrialized competitors, the worst industrialized competitors will% of gdp. we ate% of gdp. look at the scope of this, accelerated pace at the end raise any think you'll saw by cutting medicare? it's simply not right as the ceo kaiser permanente george halverson said, that is an inept way of looking about health care. it's not just wrong. it solon it's almost criminal. hearings like this to point out there's a problem with cost and delivery sys
we are altering up in washington for the fiscal cliff, coming in a couple of weeks and with that i mean, we're beginning to hear the usual refrain about how important is to cut any care benefit and to limit access to medicare for seniors and that's the responsible thing to do to save money, which course is a preposterous and ill-informed media, particularly in the context of a health care system that is 100 times more unfit in the 60 and if you look at the graph, it's an accelerating curve of...
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Mar 13, 2013
03/13
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CSPAN
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we got about $600 billion, not as much as i wanted from the fiscal cliff deal. we have cut $2.5 trillion in spending. you do the math. $600 billion is a lot less than $2.5 trillion in spending. talk about a balanced approach. in terms of closing tax loopholes, i think there are a great many opportunities to do that. for example, the buffett rule. it is named after warren buffett who said, here i am a billionaire and my secretary pays less in taxes than i do. if you have net income over $2 million, you should have an effective tax rate of of least 30%. the ryan budget does not do anything about the oil and gas subsidies that we could close. it is important to put investment in areas where we need investments. one shift those to a new economy and building a good grid by creating jobs and incentivizing business. let's work with business and incentivizing these companies to create jobs and opportunities for folks. i do get your point that you ponied up $600 billion and that is a sacrifice of the 1% of our country. there have been $2.5 trillion taken out of the econo
we got about $600 billion, not as much as i wanted from the fiscal cliff deal. we have cut $2.5 trillion in spending. you do the math. $600 billion is a lot less than $2.5 trillion in spending. talk about a balanced approach. in terms of closing tax loopholes, i think there are a great many opportunities to do that. for example, the buffett rule. it is named after warren buffett who said, here i am a billionaire and my secretary pays less in taxes than i do. if you have net income over $2...
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to the fiscal cliff. and later today are they martin zooms in on the u.s. treasuries new boss and how the media has been distracting attention from the real problems ahead and he's a pretty. obama's chief of staff jack lew is moving on up. and of course the media has been all over the most controversial aspect of his record coming to a dollar bill near you this parody of a signature the treasury secretary's signature you see appears on all federal reserve notes dollar bills issued during his tenure here is jack lew's signature it real. haha now according to corporate media the biggest signature apparently the most interesting thing they can dredge up is it. but of course is all just one giant distraction from who he is really so who is jack lew i want to quote for about fifteen years you've never seen anything like this i'm cold. more news around so two minutes with my colleagues all research but some social break it spotlights with all the you know. the east be told language. programs and documentaries i
to the fiscal cliff. and later today are they martin zooms in on the u.s. treasuries new boss and how the media has been distracting attention from the real problems ahead and he's a pretty. obama's chief of staff jack lew is moving on up. and of course the media has been all over the most controversial aspect of his record coming to a dollar bill near you this parody of a signature the treasury secretary's signature you see appears on all federal reserve notes dollar bills issued during his...
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Jan 5, 2013
01/13
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MSNBCW
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eye 42
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senate minority leader mitch mcconnell announced the same, saying "the fiscal cliff deal was the last word on taxes. now the conversation turns to cutting spending on the government programs that are the real source of the nation's fiscal imbalance." and the upcoming debate on the debt limit is the perfect time to have that discuss. perfect, the problem is not even republicans believe that is going to work anymore. >> they have got to find in the house a totally new strategy. i mean, confronting -- for example, everybody is now talking about okay, now comes the debt ceiling. i think that is frankly a dead loser, because in the end you know it is going to happen. the whole national financial system is going to come into washington by television and say oh my god, this will be a gigantic heart attack, the entire economy will collapse, you guys can't be responsible, and they will cave. >> so newt gingrich, time to wander off the republican reservation, at least occasionally. but he is on the same page as the editorial board, which wrote "the next challenge will be the debt deadline, arri
senate minority leader mitch mcconnell announced the same, saying "the fiscal cliff deal was the last word on taxes. now the conversation turns to cutting spending on the government programs that are the real source of the nation's fiscal imbalance." and the upcoming debate on the debt limit is the perfect time to have that discuss. perfect, the problem is not even republicans believe that is going to work anymore. >> they have got to find in the house a totally new strategy. i...
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Feb 4, 2013
02/13
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FOXNEWS
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we did this fiscal cliff thing. when it was down to the wire. i remember talking about we had cameras outside the white house. they came up with a deal at the very last second on new year's eve or new year's day, and promised that was it for revenues. going raise taxes from 36% up to 39.6%. we're going to raise capital gains taxes, they shook on it, and parted ways. here we are a month and a day later and president obama says, you know that revenue thing? they're going up. we have to raise more taxes. >> you're absolutely right. i think if you look at the inaugural address there was very little about the economy or about the deficit and debt in it, and for the most part that hasn't been where their attention is. clearly they don't want much in the way of spending cuts. if you listen to them, they feel they've already made some cuts and simply don't want to do anymore. so they're now looking for some revenue by and large with sort of vulnerable groups like oil and gas and out of state -- out of country corporations, people they think they can rai
we did this fiscal cliff thing. when it was down to the wire. i remember talking about we had cameras outside the white house. they came up with a deal at the very last second on new year's eve or new year's day, and promised that was it for revenues. going raise taxes from 36% up to 39.6%. we're going to raise capital gains taxes, they shook on it, and parted ways. here we are a month and a day later and president obama says, you know that revenue thing? they're going up. we have to raise more...
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Mar 17, 2013
03/13
by
CSPAN
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eye 79
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to go republicans say we just did a big tax increase as part of the fiscal cliff, but you look at the some of debt reduction so far that has been done. we have reduced the debt by a ratio of four-one spending cuts to revenue. every major bipartisan group that has looked at this has done a ratio more of a three-one. why is the revenue discussion closed at this point? >> the president ran on raising taxes. we ran on cutting taxes. he was able to get his tax hike. 600 billion in tax hikes. just them, but everyone making over for under $50,000. the 600 billion in new taxes. do not forget about obama care, the president's signature achievement in his first term. over 20 of those new tax hikes hit middle-class families. we're trying to repeal those. we want to completely repeal obama care, but the middle class taxes he includes. if you look at it, he has almost two trillion dollars in new taxes in the past four years. we said enough is enough. it hurts our economy. the president has admitted raising taxes and a bad economy kills jobs, so why would you keep raising taxes? control spending. w
to go republicans say we just did a big tax increase as part of the fiscal cliff, but you look at the some of debt reduction so far that has been done. we have reduced the debt by a ratio of four-one spending cuts to revenue. every major bipartisan group that has looked at this has done a ratio more of a three-one. why is the revenue discussion closed at this point? >> the president ran on raising taxes. we ran on cutting taxes. he was able to get his tax hike. 600 billion in tax hikes....
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Feb 26, 2013
02/13
by
WUSA
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eye 79
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republicans say they'd raise taxes in the fiscal cliff deal in january. >> mr. president, you got your tax increase. it's time to cut spending here in washington. >> reporter: there seems to be a willingness on the part of some republicans to let the cuts happen, figuring since they're phased in over several months the impact won't be as severe as the presidenting ings isuggests. the president said at a meeting monday that budget cuts are already being felt. >> companies are preparing layoff notices. families are preparing to cut back on expenses. >> reporter: some republican governors aren't buying it. >> i think it is possible to cut less than 3% of the federal budget without causing devastating consequences. >> reporter: they say the president is using scare tactics. one republican, senator graham of south carolina, said he is open to raising tax revenue if the president is open to overhauling the big entitlement programs. but most republicans here on capitol hill, anne-marie, say they are done raising taxes. >> susan mcginnis in washington. thank you. >>> on
republicans say they'd raise taxes in the fiscal cliff deal in january. >> mr. president, you got your tax increase. it's time to cut spending here in washington. >> reporter: there seems to be a willingness on the part of some republicans to let the cuts happen, figuring since they're phased in over several months the impact won't be as severe as the presidenting ings isuggests. the president said at a meeting monday that budget cuts are already being felt. >> companies are...